The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%.
Surging electricity demand from AI, data centres, and industrial electrification is colliding with geopolitical instability, infrastructure constraints, and persistent energy gaps, according to the World Energy Council’s 2026 World Energy Trilemma report.
Sharjah has approved a three-phase plan to add 150 new passport control officers at its international airport, starting in October, as passenger traffic activity increases. The plan aims to keep pace with the airport’s significant growth and its expansion and development projects.
Gulf Warehousing Company (GWC Group), one of the region’s leading logistics groups providing cross-border and integrated logistics solutions, has expanded its UAE operations with two new subsidiaries, a strategic partnership with Meydan Free Zone and a growing Quick-Commerce network.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Leading developer H&H and Global Partners have announced the launch of its nature-led residential community - Eden House The Park - along the Dubai Water Canal. Designed around the principles of privacy, walkability and holistic wellbeing, the development offers 459 residences across seven distinct buildings.
Saudi-based Almoosa Health Company has awarded a major contract worth SAR781.7 million ($207 million) to BEC Arabia for the execution of mechanical and electrical works for a key hospital project in Al Khobar, in the kingdom's Eastern Province. The entire project is likely to be completed in two years.
Pioneering UAE teachers are being encouraged to apply for the GEMS Education Global Teacher Prize 2027, a Varkey Foundation initiative, as applications close on October 12.
AC Milan has opened its first retail corner outside Italy at SIRO One Za’abeel, giving fans across the region a dedicated space to discover the Club through football, fashion and performance.
The global economy is stabilising, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year ahead, according to the World Economic Forum's Chief Economists' Outlook, published on Tuesday.
Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, will take part as a Platinum Sponsor of Fintech Forward 2026 (FF26), taking place on October 7 and 8 in Bahrain.
BMW Group Middle East has announced the appointment of Citadel Premium Motors as the official importer of BMW and MINI vehicles in Syria.
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
Sheikh Ahmed bin Rashid Al Maktoum, the younger brother of UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, died on Monday at the age of 76.